PG&E Is Raising Monthly Rates Even Higher in 2024

Source: The San Francisco Standard  |  By Kevin Truong

Starting Jan. 1, the typical PG&E electricity and gas customer will see their monthly rates rise about $34.50—13%—compared to current bills. That works out to $414 more in utility payments for the year, which would mark a historic increase.

Mark Toney, the executive director of The Utility Reform Network, a consumer advocacy group, said the lack of limits on rate increases is leading to a squeeze on a critical service for customers. "There's no limits on much PG&E can ask for and how many times a year they can ask. There's also no limits on how much [regulators] can authorize," Toney said. "That's why they can ask for another rate increase just weeks after they already received one." Toney's group is pushing for a limit cap on increases that are set at the cost-of-living allowances provided by social security.